A picture frame distributor, relocating from Van Nuys, is moving to warehouse space in North Hills, according to commercial real estate brokerage NAI Capital Co. in Encino, which negotiated the new lease.
LAU Enterprises Inc. signed a multi-year lease to rent 32,356 square feet at 8321 De Celis Place, according to NAI. LAU signed the deal with building owner Mark Goodman, according to CoStar Group Inc.
The warehouse, built in 1963, has 20-foot clear height for stacking items, four dock-high loading doors and two doors at grade level. LAU is moving its headquarters to the new location in April from a smaller, 17,356-square-foot space at 15757 Stagg St. in Mission Industrial Park, NAI said.
NAI Senior Associate Matt Ehrlich, who represented LAU in the deal, said industrial vacancies in the San Fernando Valley are “razor thin” at 0.8 percent.
“Warehouse space throughout the region is in short supply and experiencing strong demand,” Ehrlich said. “We’re extremely pleased to have found this space.”